Swraj Paul makes 1 mln pounds donation to leading UK varsity

Image
Press Trust of India London
Last Updated : Apr 08 2015 | 12:02 PM IST
NRI industrialist Lord Swraj Paul has made a mega donation of one million pounds (Rs 10 crores) to the University of Wolverhampton, the "single biggest gift" received by the UK's leading varsity.
The donation for the university from the Ambika Paul Foundation, a charitable trust set up by Paul in memory of his daughter, will go towards general upgrade of facilities at the campus in the West Midlands region of England.
"It is part of my continued connection with the university, which is based in Britain's industrial heartland. It is a university which takes pride in training students from ordinary backgrounds to create the next generation of leaders and entrepreneurs for this country and beyond," said Paul, who has been Chancellor of the university since 1999.
"The Ambika Paul Foundation has one very specific mission: to enhance the lives of the next generation through education, culture and health. What the University of Wolverhampton stands for and its quest to provide opportunities for young people resonates with me and where I have come from, to where I am today," said the founder- chairman of Caparo Group, which employs an estimated 2,500 people in the West Midlands region.
Paul will also be leading a delegation from the university to India next week to further strengthen education and business ties between the two countries.
Over the years, he has been instrumental in strengthening the India link of the institution with honorary degrees for leaders such as former President APJ Abdul Kalam, current President Pranab Mukherjee and finance minister Arun Jaitley.
The university, which also has a regional office in India, is investing 50 million pounds over the next two years to redevelop its campuses in Wolverhampton city centre, which will include a new 22 million pounds science facility and a new 18-million pounds Wolverhampton Business School building.
"The BBC has described this university as among the friendliest in the UK and it is also among the most multi- ethnic. This expansion plan will help enhance its role as an innovation hub where new ideas and products can incubate. It has a more hands-on approach, which appeals to me.
"I hope the large Indian-origin population in the region can feel proud of my association with it," said Paul, who had made a similar donation to the London Zoo in 1994, a place his daughter Ambika loved to visit.
"Remembering our daughter has always been at the heart of the work funded by the Ambika Paul Foundation. This gift is dedicated to her memory; but it is also a way of giving something back to the community, and specifically young people," he said.
The university has described his donation as the "single biggest gift" it has ever received.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 08 2015 | 12:02 PM IST

Next Story